AvaTrade Review 2017

AvaTrade Review 2017

For more than a decade, AvaTrade has been involved in the online trading industry. The company’s headquarters is located in Dublin and from there these guys have expanded all over the world and attracted numerous traders. Therefore, if you’re looking to start trading CFDs and/or forex, this is a broker you simply have to take into consideration because they are at the very top of the industry right now. To show you exactly what this company has to offer, we have prepared this AvaTrade review with the help of our experienced team. There is indeed a lot to go through, so sit back and read on. You’ll be glad you invested some time into it.

AvaTrade Review | Account types

OK, so if you want to trade with this company the first thing you have to do is open an account and that’s how we’re going to start this AvaTrade review. Creating your account is really simple because everything is done in a matter of seconds. The form you need to fill out contains only your basic personal information and you get to choose your platform and currency there. What is really nice about this process is the fact that it can be cut down really short if you have a Facebook or a Google+ account because with them you can simply click a button above the form and your real account will be set up for you automatically. After that, your every AvaTrade login will be a breeze. But apart from that, what you can also do here is open an AvaTrade Islamic account. This special account type will allow Muslim traders who want to trade in accordance with the Sharia law to participate in trading without having to worry about any kind of interest or fees. All other features are pretty much the same as with the real account, so we can say that the broker keeps things nice and simple when it comes to its account types. It should also be mentioned that both of these AvaTrade account types will charge you an inactivity fee if you remain without trades for too long. To find out how big these fees are, contact your account manager because they can vary depending on what you decided to open. But we have one more important type of account to examine, a type that deserves a paragraph of its own. Keep reading our AvaTrade review and you’ll find out all about it!

AvaTrade Account Opening Page

AvaTrade Review | Demo account

No matter how famous a broker may be, testing their platform without any risk is always a good idea, especially if that option is completely free. Fortunately, AvaTrade demo account provides you with just that. All you have to do to get it is fill out a short form, which is the same as when you’re opening a real account. You can even use your Facebook and Google+ accounts, too! Given that this broker has many different platforms to offer you, giving yourself a chance to soak all the possibilities in without any stress seems like the best way to go. Furthermore, AvaTrade demo can be an awesome educational tool, but we will talk about that more later on. Once you set everything up, you will be credited with 100,000 virtual USD which you can then spend however you want.

AvaTrade Demo Account

Keep in mind, though, that the demo account will last you exactly three weeks (21 days), but that should be more than enough to learn absolutely everything about trading here since everything the platforms have to offer is still accessible if you go for this practice account. Therefore, we strongly recommend grabbing this feature, especially if you’re a new trader. You can only profit from it. But we have to move this AvaTrade guide on now, so stay with us!

AvaTrade Review | Training

As you have seen in the last paragraph, there are many more features and topics we have yet to cover. We mentioned that the demo account can be a great educational tool because you can test everything you learn with it, so let’s take a closer look at what AvaTrade education has to offer. Apart from general articles which give more general tips on trading CFDs, forex, stocks, currencies and more, you can also learn a thing or two about technical analysis. But this is just the beginning of your AvaTrade training because there are five more pages on the company’s website dedicated solely to preparing you for all trading challenges you may encounter. As a matter of fact, one of those pages leads to a completely new website called SharpTrader which is managed by AvaTrade’s staff and where you can spend hours analyzing the market and learning new techniques. There, you will also get the latest news that can help you make the right call when opening a trade. But apart from that, the broker’s website also offers a free eBook when you open an account there, plus you can sign up for trading webinars where experienced traders discuss a series of interesting topics. If you can’t make the webinar that interests you, don’t worry – there’s a detailed archive where you can find them all. Finally, we must mention AvaTrade tutorials which come in the form of educational videos. Here too everything is covered, from beginner lessons to advanced tips, so you should be able to find what interests you with ease. As you can see, you will definitely be well prepared to take on anything the market has to throw at you. Let’s now continue our AvaTrade review and take a look at the platforms you can use here.

AvaTrade Education Center

AvaTrade Review | Trading platforms

When it comes to the selection of trading platforms, AvaTrade offers a huge variety of them. Like we said at the beginning of this AvaTrade review, you can choose the platform that interests you most when you’re creating you account. First and foremost, you can trade on Metatrader 4, the most famous trading platform of this kind in the world at the moment. Interestingly, the broker also recommends trading here. This is because the number of analytical tools and options you get with your AvaTrade mt4 account is simply staggering, so you can be absolutely sure your trading experience with this platform will be a superb one. However, do not disregard other options available to you here! Take AvaTradeAct for example, a platform running on special AvaTrade software which is meant to accommodate all types of traders. The leverage here goes up to 200:1, there are loads of trading tools and possibilities and you can even get live support in your language. We must mention that these two platforms are also available for Mac users, so if you’re using this particular type of computer – no worries. If you’re especially interested in trading forex, however, you cannot afford to miss out on the AvaOptions platform which offers some very interesting features like the company’s own Risk Manager designed to help you determine how each trade will affect you. On top of all this, you can also choose Mirror Trader, a completely automated platform that allows you to mimic traders from all around the world. Finally, you can also trade floating spreads if that’s the approach that suits you best. It goes without saying that each AvaTrade platform offers a huge variety of assets, both for CFD and forex trading, including digital currencies like Bitcoin. You don’t even have to worry about trading when you’re on the move, but we will talk more about that in the following paragraph of our AvaTrade review, so stay tuned!

AvaTrade Trading Platforms

AvaTrade Review | Mobile apps

Just as you would expect from any serious broker, this company also has a way to help you stay in touch with the market no matter where you are. This is what we’re going to explore in the next few lines. Now then, there are two AvaTrade apps you can use – the one based on MetaTrader 4 and the one based on AvaTradeAct. Each of them is available for both Android and iOS devices and they can be easily downloaded from the broker’s website, so there should really be no issues with their availability. As a matter of fact, the latter version can also be found on Google Play and the App Store, completely free and with no hidden fees, of course.

AvaTrade Mobile App

But what does AvaTrade mobile version of have to offer in terms of trading features? Well, let’s see. No matter which kind of phone or which version of the app you use, you will get detailed accounts of your closed trades, the ability to customize you open positions, the ability to trade from multiple accounts which will be fully synchronized with your desktop accounts, always accurate real-time prices and more. However, there are some notable differences between the apps, too. For example, the MT4 app offers three different chart layouts (broken line, bars and Japanese candlesticks), whereas the AvaTradeAct app has a wider selection of assets and leverage that goes up to 200:1, just like on the desktop platform. Both variations are perfectly reliable, so decide what you’re looking for and then make your choice. But given the quality of both products, you simply cannot go wrong, especially because everything is free. There is no doubt that this broker will make sure you are always able to react in a flash to any change on the market. With that, this AvaTrade review will be moving on and we’re now getting to the most interesting part. Don’t go away!

AvaTrade Review | Deposit and withdrawal

Yes, it’s time to take a look at the AvaTrade funding methods. Or rather, everything concerning money management because we’re going to be taking a look at the withdrawal, too. But first things first – how can you make an AvaTrade deposit? Well, we are happy to report that there are plenty of options to choose from. Naturally, you can do it via bank wire or a credit/debit card (the type of cards accepted here may depend on the country you’re living in, but you can’t go wrong with Visa and MasterCard, although things like Diners and Carte Bleue are also accepted), but you also have a variety of e-payment methods at your disposal. Skrill, Webmoney, Neteller and even PayPal can all be used, and the latter method is certainly something that sets this company apart from the competition. As for the AvaTrade minimum deposit, it stands at 100$ (although GBP, EUR and AUD can also be used), but if you go with the wire transfer the minimum requirement will be 500$.

AvaTrade Deposit Page

Things are slightly different when you want to transfer the money from your trading account, and we certainly have to address that in our AvaTrade review. You see, AvaTrade withdrawal is always executed like this: the funds are returned to you via the same way and in the same amount you deposited. Once this is done, the profit will be delivered to you by any other method mentioned above. In other words, say you deposited 500$ via credit card and then earned 200$. When you decide to withdraw those 700$, the first 500$ will go to the same credit card, whereas you can choose the method for the remaining 200$. This is actually a very common practice in the online trading industry and we never experienced any withdrawal problems on this website. What is also worth mentioning is that there are no AvaTrade withdrawal fees or commissions, but remember that your account will have to be verified before you can complete this process. There are also special requirements when it comes to collecting your bonus, but we will discuss that in the following part of the article.

AvaTrade Review | Bonus

Yes, no AvaTrade review would be complete without taking a look at the deals this broker has in store for you in order to entice you to open an account with them. There actually are several ways to increase your money’s value. The main feature of the AvaTrade bonus policy is the welcome bonus you receive once you make your deposit. The amount that will be added to you depends on how much you deposit and can be anywhere between 60$ (for a 200$ deposit) and 15,000$ (for deposits above 50,000$). Another important feature is the AvaTrade referral bonus you can get if you invite a friend to open an account here, too. Once again, the amount you get varies and depends on the size of your friend’s deposit. If they make a deposit in the range from 250$ to 499$ you get 75$ added to your balance, but if they deposit more than 10,000$ you will get 400$. Just don’t count on any AvaTrade no-deposit bonuses – the broker did not include this feature in its policy. Do also keep in mind that not all countries are able to participate in every promotion, so we strongly suggest that you check whether or not you can grab the bonus you desire by going through Bonus Terms and Conditions. Furthermore, you will need to trade 10000 trading instruments per each dollar of bonus you receive before you can actually withdraw the bonus. You have exactly 12 months to fulfil this requirement and if you fail the bonus will be deducted from your account.

AvaTrade Welcome Bonus

Another important part of AvaTrade promotions is the broker’s VIP program called Ava Select. To qualify, you will have to make a deposit of at least 100,000 USD or go over 100M in trade volume. This feature includes faster withdrawal (single-day approval), special hotline for premium members, carefully crafted benefits and customized educational courses to help you extract the most from your investment. If you need any help with all of this, you can always turn to the company’s support team for help. How? We’ll show you that in the next part of our AvaTrade review.

AvaTrade Review | Contact

No matter what questions you need answering, AvaTrade support will always be there for you. We’re not talking just about a team of people here, but about an intricate system carefully designed to assist you whenever you need it. There are three basic contact methods you can use: phone, e-mail and live chat and it’s really impressive to see how much effort was invested by the company to always be available to its clients. You actually have more than 30 different phone numbers to choose from – there are phones for countries like USA, Canada and Mexico, but also South Africa, Singapore and Australia. AvaTrade is literally everywhere. Of course, EU countries are there as well, so you really should be well covered. Next, we have the e-mails which are dedicated to three separate topics (account opening, support and introducing brokers), so that everything can flow as quickly as possible. Finally, there’s also AvaTrade live chat you can use to get information, and we have to say that no matter which contact method you pick you will always be talking to a very professional and well trained staff member. They are always quick to respond, but keep in mind that this company really has A LOT of client, so you may not be the first one in queue every time. But still, the waiting period, if there is any, will only last a couple of minutes at the most. If you don’t want to wait, however, head on over to the FAQ section. There are nine groups of questions there and you can even use a handy browser where you simply type in what interests you and get some info about it instantly. If you know exactly what you’re looking for, this may even be a quicker way of getting an answer than talking to a support team member via live chat. On top of all this, the company is very active on social media. They have their Facebook, Twitter, Google+ and even Youtube accounts, so if you’re there too you can drop them a message. It will be answered with the same speed and professionalism as is the case with all other contact methods. So far, as you can see, the broker seems really excellent. But is there something about them worth criticizing? That’s what the next part of AvaTrade review will analyze.

AvaTrade Contact

AvaTrade Review | Complaints

It should be obvious by now that we believe this broker to be a genuine one and that you can rely on them to provide an excellent trading experience. But what do other traders say, are there any serious AvaTrade complaints that can be made? Well, we have to say that we did come across some and we can divide them into two groups: withdrawal problems and platform manipulations. Let’s start with the latter. Some traders believe that when a trade goes against them shortly before the closing time and they end up out of the money because of it this can be taken as a proof of the company manipulating the outcome. This is simply not true because a broker, no matter how big and powerful, cannot affect and manipulate the market in any way. Withdrawals are another common reason for AvaTrade complaints, but this turned out to be due to people not familiarizing themselves with the process well enough. Some traders didn’t verify their identity correctly; others missed out on the fact that certain conditions have to be met when you want to withdraw a bonus etc. We can testify that we had absolutely no AvaTrade withdrawal problems whatsoever and that our money reached its destination every single time. We must also say that many experienced traders are behind us on this, so we really think you can’t go wrong if you choose to do business with this company. One more paragraph of this AvaTrade review before we start wrapping things up here!

AvaTrade Review | Other details

You may be wondering is there any objective proof that AvaTrade is legit, not just personal impressions from us and other traders. Yes there is and you can read all about the regulation this company adheres to in our AvaTrade Scam Test. Speaking of regulation, if you are from the United States it may be impossible for you to trade here at the moment. This is because the broker is not regulated there yet, but if you live in the US and have a dual citizenship you will be allowed to trade with AvaTrade. Just remember that you have to send in the documents that confirm your dual citizenship before you can be admitted. We should also mention that AvaTrade has detailed instructions on how you can calculate your rollover, so if you’re interested in that just type in “rollover” in the browser in the FAQ section and everything will immediately become clear. With that, we think it’s about time to wrap this extensive AvaTrade review up. Thanks for sticking with us until the end and here’s a short recap of what you need to know about the company.

AvaTrade Regulation

AvaTrade Review | Conclusion

There can be no doubt that this Irish company is one of the very best brokers in the online trading industry. Hopefully, this AvaTrade review has proven that. Creating an account with them is exceptionally easy, especially if you have accounts on social networks, plus you can choose between a series of excellent trading platforms. Money transfer methods are very versatile (PayPal is included!) and the minimum deposit stands at only 100$, which is pretty low no matter which type of trading we’re talking about. Of course, you can test everything out for free with a demo account, no questions asked, and there are a couple of free mobile apps to choose from, too. You can also easily improve your account balance here because the broker’s bonus policy offers plenty of interesting deals and opportunities. What is particularly impressive, though, is how easy it is to establish contact with the support team because the number of methods you can use is exceptionally high. In short, we found no reason to complain and the fact that this company is among the biggest and most popular ones in the industry proves that we are right. Thousands of traders agree with us on this. You can even trade from the United States, provided that you have a dual citizenship. Therefore, opening an account with AvaTrade simply cannot be seen as a wrong business move. Do it now and you will be in for one of the best trading experiences in the world!

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